The Spaces Tower 36-Story Mixed-Use Redevelopment
Business is a 36-story mixed-use, mixed-income vertical community delivering:
541 total residential units
78 LIHTC, 117 Moderate, 196 Market, 150 Condo
15,000 SF activated retail
Two-level indoor pool + wellness center
Rooftop infinity pool on Floor 36
EV-ready parking podium
Solar PV + Battery Storage (BESS) + triple backup power
A next-generation glass tower that transforms Tennessee Avenue into a vibrant, safe, modern mixed-use corridor.
Highlights:
Ocean Views
Iconic skyline presence
World-class amenity program
Mixed-income integration
High-impact retail
Long-term community and economic benefits
LOCATION ADVANTAGE
Why Atlantic City? Why Tennessee Avenue?
• Opportunity Zone
• Green Zone
• Orange Zone
• Redevelopment Area
• Tourism District
•High MRI Distress Score (>50)
•Eligible for ASPIRE up to $120M
Tennessee Avenue serves as a direct spine between the Ocean, Boardwalk, Pacific Avenue, and Atlantic Avenue.
DEVELOPMENT PROGRAM
Program Overview (36 Floors):
•Floor 1: Lobby, retail, leasing
•Mezzanine + Floor 2: Indoor pool, wellness center, coworking
•Floors 3–25: Lower residential (17 units/floor → 391 units)
•Floors 26–35: Upper residential condos (15 units/floor → 150 units)
•Floor 36: Rooftop infinity pool, cabanas, sky lounge
•Podium: EV-ready parking, resiliency systems
Amenity Program:
•Two-level indoor pool
•Wellness center + sauna
•Fitness center
•Sports lounge
•Cinema rooms
•Podcast studio
•Coworking & meeting rooms
•Rooftop infinity-edge pool
•Sky lounge + ocean-view deck
Retail Podium (15,000 -20,000 SF)
•2 restaurants (Upscale)
•Lounge/Pub
•2-3 Small-format retail
•Transparent glass façade
•Enhanced sidewalks, trees, lighting
•Safer, more vibrant corridor
Financials (USD)
Amount Sought Not Disclosed
Type Sought Equity
Use of Proceeds Other
Deal Terms
Offering Memorandum Or Prospectus Available? Yes
Willing To Pay Finders Fee? Available On Request
Willing to Co-Broker? Available On Request
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